- U.S Markets closed lower on Friday.
- Right now , Dow futures are slightly lower.
- SGX Nifty is hovering around 17050.
- Big gap down opening is on cards today.
- Reason is the U.S Jobs data announced on Friday.
- Asian markets are lower.
- U.S Jobs data highly above Expectations.
- This triggered another large rate hike fear in U.S Markets.
- Nasdaq crashed 4% on Friday.
- FII's also sold heavily on Friday.
- They have sold for 2500 crores.
- FII's short position is now more than 80%.
- They have been carrying heavy short Positions offlate.
- First support should kick in near 17000.
- 200 DMA is close to 16800 so this should be the next major support.
- Accenture has declared okayish results but the guidance has not been good.
- This week we are going to have IT company results.
- Markets are going into results season with muted Expectations.
- That's always better than going in with high expectations.
- Nifty might Trade between 17000 to 17300 today.
- stockmarketadvisory.in
1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't
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